Our Perspective

On the 7th of March 2023, the Central Bank of Nigeria (CBN) in collaboration with industry stakeholders, developed and released the Operational Guidelines for Open Banking in Nigeria (“Operational Guidelines”). This was preceded by an exposure draft of the Guidelines

On the 24th day of February 2023, the global money laundering and terrorist financing watchdog, Financial Action Task Force,[1] placed Nigeria on its grey list for having insufficient measures to prevent money laundering and the financing of terrorist organisations. When

Introduction: Nigeria is one of the largest economies in Africa. With a population of over 200 million, the country is a veritable hub for international trade and investments in various sectors including shipping, banking, technology, agriculture, manufacturing and fintech. Foreign investment

For several years, there has been increased global awareness of the negative effects of human activity and development on the earth’s climate. Industrialisation and its accompanying emissions have contributed its fair share to environmental degradation and the world is gradually

For business owners, identifying a sustainable and enabling business environment is fundamental to establishing a successful enterprise. Consequently, investors naturally gravitate towards jurisdictions with the potential to advance their business objectives.   With relatively recent amendments to local company and tax laws aimed at

Technology has always been at the heart of enhancing human communication. Fifty years ago, it would have been much more difficult to access information about a company in the USA, for instance, from Nigeria, but today that information is made

The elements of a valid contract are – offer, acceptance, consideration, mutual intention to create a legal relationship, and the contractual capacity of the parties to the contract. The popular English case of Carlill v Carbolic Smoke Ball Co[1] established

INTRODUCTION Throughout history, as man and society have evolved, socio-economic development has been intertwined with the ownership, control, and use of land. Today, land retains its relevance as a store of value and a mainstay of economies, a status which

INTRODUCTION: On June 4th, 2021, the Federal Government of Nigeria announced the indefinite suspension of popular social media network -Twitter. On the heels of the suspension of Twitter, social media platforms have come under intense regulatory scrutiny as the National Broadcasting

Introduction: International commerce has driven much of Africa’s economic growth and financial integration.1 International/regional trade has a number of potential benefits that can promote development within the African continent. For instance, it creates comparative advantage, access to external finance and

Introduction: A major concern of State Governments in Nigeria is intra-state transportation. State Governments are responsible for intra-state road mapping/control, construction and safety. Ride hailing companies are increasingly becoming involved in the public transportation system of most States in Nigeria. Using

INTRODUCTION Money is necessary to facilitate commercial ventures. To meet the need and demand for money, the art of lending evolved with financial institutions, notably banks, providing large scale credit facilities mainly for investments and related matters. Sometimes, such credit facilities

Who owns the copyright in clients’ commissioned photography? This question has led to a few debates and created controversies around ownership of copyright in photographs taken of clients by photographers. For some, the copyright in a photograph taken of a

In December 2019, the world became aware of yet another viral disease believed to have been transmitted from animal to human, in Wuhan, China. Click here to read full article.

The Central Bank of Nigeria (CBN) on March 16, 2020 issued a circular in response to the Covid-19 outbreak to create a cushion effect for businesses and individuals that would be hard hit by the economic effect of the pandemic,

INTRODUCTION Globally, the scourge of Covid-19 continues. With the realization that the virus has reached Pandemic Status, governments of affected nations and international health bodies are strongly advising everyone to practice social distancing. Companies around the world have, in the last

Corporate governance and sustainability are fundamental to the continued survival of any corporation.1 Corporate governance is a key success factor for businesses, as it has been associated with improving sustainability performance and gaining the trust of investors.2 The effect of

This Article discusses the meaning of “substantial economic presence” under Nigeria’s Finance Act 2020 Introduction: The Finance Act 2020 was an executive bill packaged by the Ministry for Finance, Budget and National Planning. It was presented along with the 2020 Budget

Introduction: “Today we give all our data away all day long while aiming to maintain our privacy”[1]   There is a recent burgeoning appetite, in both the public and private sectors, for collecting, using and sharing data for a host of commercial and

The Federal Competition and Consumer Protection Act (FCCPA or “the Act”) was signed into law by President Muhammadu Buhari in January 2019. The Act repeals the Consumer Protection Council Act and establishes both the Federal Competition and Consumer Protection Commission